A diversified industrial company operates multiple remote manufacturing facilities that
manage local supplier relationships. The company draws on a single line of credit for all of
its working capital needs. Which of the following types of disbursement systems would
BEST meet this company's needs?
The stock of a manufacturing company is priced so that its expected rate of return is below
its required rate, as calculated by the Capital Asset Pricing Model (CAPM). Which of the
following will occur in an efficient capital market?